2017

Mr Lim Cheng Tea

UPON FINDING that Mr Lim Cheng Tea, CA (Singapore), had breached Rule 64.6 of the Institute (Membership and Fees) Rules, in that he self-petitioned as a bankrupt on 4 August 2016 and is still an undischarged bankrupt, the Disciplinary Committee ordered that his name be removed from the register and that he shall cease to be a Member of the Institute with effect from 6 January 2017.

Mr Lim Yeow Eng

UPON FINDING that Mr Lim Yeow Eng, CA (Singapore), had breached Rule 64.6 of the Institute (Membership and Fees) Rules, in that he self-petitioned as a bankrupt on 26 September 2016 and is still an undischarged bankrupt, the Disciplinary Committee ordered that his name be removed from the register and that he shall cease to be a Member of the Institute with effect from 3 May 2017.

Mr Lim Fan

UPON FINDING that Mr Lim Fan, CA (Singapore), had breached Rule 64.6 of the Institute (Membership and Fees) Rules, in that he was adjudged a bankrupt on 3 November 2016 and is still an undischarged bankrupt, the Disciplinary Committee ordered that his name be removed from the register and that he shall cease to be a Member of the Institute with effect from 3 May 2017.

Ms Leow Kwee Huay

UPON FINDING that Ms Leow Kwee Huay, CA (Singapore), is liable for contravening Rule 64.1 read with Rule 65.2, and Rule 64.4 read with Paragraph 150.1 of the Third Schedule of the Institute (Membership & Fees) Rules, in that she had been convicted by the State Courts of the Republic of Singapore on 30 September 2013 of 7 charges of forgery under Section 465 of the Penal Code (Cap. 224) and sentenced to 5 days imprisonment, the Disciplinary Committee ordered:

1. That pursuant to Rule 137.1.2 of the Institute (Membership and Fees) Rules, she be suspended for a period of twelve (12) months with effect from 3 May 2017.

2. That pursuant to Rule 167 of the Institute (Membership and Fees) Rules, she shall pay to the Institute the sum of SGD4,685.42 (inclusive of 7% GST), being the costs and expenses incurred by the Institute in connection with the investigation and disciplinary proceedings undertaken against her within 30 days of the date of this order.

Mr Teh Teong Lay

UPON FINDING that Mr Teh Teong Lay, Associate, had contravened Rule 64.1 read with Rule 65.1, and Rule 64.4 read with Section 110.2 of the Code of Professional Conduct and Ethics under the Third Schedule of the Institute (Membership and Fees) Rules, in that he, at the material time, had knowingly allowed or omitted to correct the “No” answer (“Answer”) indicated against the question under paragraph (k), “whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the MAS or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?” of the announcement titled: “Change – Announcement of Appointment” (“Announcement”) published on the SGXNet on 4 April 2016; The said Answer is a materially false statement or is misleading or is likely to mislead readers that he had not been the subject of any current or past investigation or disciplinary proceedings, or had not been reprimanded or issued any warning by a professional body in Singapore.

The Disciplinary Committee ordered that he be censured with effect from 31 May 2017.

Mr Lee Wan Sing

UPON FINDING that Mr Lee Wan Sing, CA (Singapore), had breached Rule 64.6 of the Institute (Membership and Fees) Rules, in that he was adjudged a bankrupt on 23 March 2017 and is still an undischarged bankrupt, the Disciplinary Committee ordered that his name be removed from the register and that he shall cease to be a Member of the Institute with effect from 30 August 2017.

Mr Lee Yin Chen

UPON FINDING that Mr Lee Yin Chen, CA (Singapore) and Public Accountant, had contravened Rule 64.3, and Rule 64.1 read with Rule 65.1 of the Institute (Membership and Fees) Rules, in that he, at the material time, had been disciplined by the Public Accountants Oversight Committee (PAOC) on 21 October 2016 and ordered under Section 52(2)(d) of the Accountants Act to pay a penalty of $2,000, the Disciplinary Committee ordered that pursuant to Rule 137.1.4 of the Institute (Membership and Fees) Rules, he be censured by the Institute with effect from 22 September 2017.

Ms Chiew Shang Hui

UPON FINDING that Ms Chiew Shang Hui, FCA (Singapore) and Public Accountant, had contravened Rule 64.4 of the Institute (Membership & Fees) Rules, read with Section 110.2(a) of the Code of Professional Conduct and Ethics under the Third Schedule of the Institute (Membership & Fees) Rules, in that she at the material time being a public accountant had knowingly allowed and omitted to correct the “Yes” answer (“Answer”) indicated against the question under paragraph (v), “We hereby declare that... (v) The proposed engagement partners, did not fail the latest ACRA Practice Monitoring Programme inspection”; in the form entitled “Appendix I - Declaration In Relation to Appointment of Auditor For Statutory Board/Town Council/Fund” dated 15 July 2016, which she had endorsed and submitted to CEA for the purpose of appointing herself and her firm as the proposed engagement partner and audit firm, respectively, for the audit of CEA’s financial statements for Financial Year 2016. The said Answer is a materially false statement as she had been notified by ACRA on 10 July 2015 that she had failed ACRA’s Practice Monitoring Programme inspection.

The Disciplinary Committee ordered:

1. That pursuant to Rule 137.1.9 of the Institute (Membership and Fees) Rules, Ms Chiew Shang Hui be issued a letter of advice with effect from 13 November 2017.

2. That pursuant to Rule 167 of the Institute (Membership and Fees) Rules, Ms Chiew Shang Hui shall pay to the Institute the sum of SG3,236.75 (inclusive of 7% GST), being the costs and expenses incurred by the Institute in connection with the investigation and disciplinary proceedings undertaken against her within 30 days of the date of this order.

Mr Yong Tai Kok

UPON FINDING that Mr Yong Tai Kok, CA (Singapore), had contravened Rule 64.1 read with Rule 65.2, of the Membership and Fees Rules, in that he had been convicted by the State Courts of the Republic of Singapore on 27 April 2017 of 1 charge of abetment, by intentionally aiding Robofusion Asia Pte Ltd (“Company”) to, without reasonable excuse, give to the Comptroller of Income Tax information under Section 37I(2) of the Income Tax Act (Cap. 134, 2008 Revised Edition) (“The Act”) that was false in a material particular, pursuant to Section 37J(2) of the Act read with Section 109 of the Penal Code (Cap. 224), and was sentenced to pay a fine of $4,000, in default 2 weeks’ imprisonment, and a penalty of $120,000, in default 4 months’ imprisonment. The Disciplinary Committee ordered that pursuant to Rule 137.1.2 of the Institute (Membership and Fees) Rules, he be suspended for a period of six (6) months with effect from 29 November 2017.

Mr Lim Wee Pao

UPON FINDING that Mr Lim Wee Pao, CA (Singapore), is liable for contravening Rule 64.1 read with Section 65.2 of the Institute (Membership & Fees) Rules, in that he, at the material time, was guilty of misconduct in that he had been convicted by the State Courts of the Republic of Singapore on 8 February 2017 of 1 charge of carrying on a remittance business when he was not in possession of a valid remittance licence from the Monetary Authority of Singapore as required under Section 6(1) of the Money-changing and Remittance Businesses Act (Cap. 187, 2008 Revised Edition) and ordered to pay a fine of $15,000 in default of 6 weeks’ imprisonment.

The Disciplinary Committee ordered:

1. That pursuant to Rule 137.1.2 of the Institute (Membership and Fees) Rules, he be suspended for a period of six (6) months with effect from 20 December 2017.

2. That pursuant to Rule 167 of the Institute (Membership and Fees) Rules, he shall pay to the Institute the sum of SGD2,421.09 (inclusive of 7% GST), being the costs and expenses incurred by the Institute in connection with the investigation and disciplinary proceedings undertaken against him within 30 days of the date of this order.

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The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. ISCA’s vision is to be a globally recognised professional accountancy body, bringing value to our members, the profession and wider community.